,,ii #aai? ,,congress #a/ ,session ,s4 #bcgd ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #bb1 #bjbe,mr4 ,durb9 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to e/abli% ! ,climate ,*ange ,advisory ,commission to develop recomm5dations1 frameworks1 & guidel9es = projects to respond to ! impacts ( climate *ange1 to issue ,f$]al obligations1 ! proce$s ( :i* %all be us$ to fund projects t aid 9 adaptation to climate *ange1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,climate ,*ange ,resili5cy ,fund = ,am]ica ,act ( #bjbe4 7b7 ,table ( cont5ts ,sec4 #a4 ,%ort title2 table ( cont5ts4,sec4 #b4 ,def9itions4,,title ,i--,climate ,*ange ,advisory ,commission,sec4 #aja4 ,e/abli%m5t ( ,climate ,*ange ,advisory ,commission4,sec4 #ajb4 ,duties4,sec4 #ajc4 ,commission p]sonnel matt]s4,sec4 #ajd4 ,fund+4,sec4 #aje4 ,t]m9ation4,,title ,,ii--,climate ,*ange ,resili5cy ,fund,sec4 #bja4 ,climate ,*ange ,resili5cy ,fund4,sec4 #bjb4 ,compliance ) ,davis-,bacon ,act4,sec4 #bjc4 ,fund+4,,title ,,iii--,revenue,sec4 #cja4 ,climate ,*ange ,obligations4,sec4 #cjb4 ,promotion4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,commission ,! t]m ,commission means ! ,climate ,*ange ,advisory ,commission e/abli%$ by section #aja7;a74 7#b7 ,community ( color ,! t]m community ( color means a geographically di/9ct area 9 :i* ! population ( any ( ! foll[+ categories ( individuals is high] ?an ! national av]age populations ( t category3 7,a7 ,black4 7,b7 ,african ,am]ican4 7,c7 ,asian4 7,d7 ,pacific ,isl&]4 7,e7 ,o!r non-,:ite race4 7,f7 ,hispanic4 7,g7 ,lat9o4 7,h7 ,native ,am]ican4 7,i7 ,l+ui/ically isolat$4 7#c7 ,eligible entity ,! t]m eligible entity includes-- 7,a7 a ,f$]al ag5cy2 7,b7 a ,/ate or gr\p ( ,/ates2 7,c7 a unit ( local gov]nm5t or a gr\p ( local gov]nm5ts2 7,d7 a utility di/rict2 7,e7 a ,tribal gov]nm5t or a consortium ( ,tribal gov]nm5ts2 7,f7 a ,/ate or regional transit ag5cy or a gr\p ( ,/ate or regional transit ag5cies2 7,g7 a nonpr(it organization2 7,h7 a special purpose di/rict or public au?ority1 includ+ a port au?ority2 & 7,i7 any o!r entity1 z det]m9$ by ! ,secret>y4 7#d7 ,environm5tal ju/ice community ,! t]m environm5tal ju/ice community means a community ) significant repres5tation ( communities ( color or l[-income communities t exp]i5ces1 or is at risk ( exp]i5c+1 high] or m adv]se human heal? or environm5tal effects4 7#e7 ,frontl9e community ,! t]m frontl9e community means a l[-income community or a community ( color t is disproportionately impact$ or burd5$ by climate *ange1 indu/rial pollution 7includ+ hi/oric pollution71 or a ph5om5on associat$ ) climate *ange1 includ+ su* a community t 0 or is at risk ( be+ disproportionately impact$ or burd5$ by climate *ange1 indu/rial pollution 7includ+ hi/oric pollution71 or a ph5om5on associat$ ) climate *ange e>li] ?an o!r su* communities4 7#f7 ,fund ,! t]m ,fund means ! ,climate ,*ange ,resili5cy ,fund e/abli%$ by section #bja7;a77#a74 7#g7 ,l[-income community ,! t]m l[-income community means any c5sus block gr\p 9 :i* #cj p]c5t or m ( ! population are individuals ) an annual h\sehold income equal to1 or less ?an1 ! great] (-- 7,a7 an am\nt equal to #hj p]c5t ( ! m$ian h\sehold income ( ! area 9 :i* ! h\sehold is locat$1 z report$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t2 & 7,b7 #bjj p]c5t ( ! ,f$]al pov]ty l9e4 7#h7 ,project ,! t]m project means a project = a qualifi$ climate *ange adaptation purpose p]=m$ by an eligible entity "u section #bja7;b74 7#i7 ,qualifi$ climate *ange adaptation purpose 7,a7 ,9 g5]al ,! t]m qualifi$ climate *ange adaptation purpose means an objective ) a demon/rat$ int5t to r$uce ! economic1 social1 & environm5tal impact ( ! adv]se effects ( climate *ange4 7,b7 ,inclusions ,! t]m qualifi$ climate *ange adaptation purpose includes infra/ructure resili5cy & mitigation1 improv$ disa/] response1 & ecosy/em protection1 :i* may be accompli%$ ?r\gh activities or projects ) objectives su* z-- 7i7 r$uc+ risks or enhanc+ resili5ce to sea level rise1 extreme wea!r ev5ts1 fires1 dr\ght1 flood+1 heat isl& impacts1 or wors5$ indoor or outdoor air quality2 7ii7 protect+ f>ms & ! food & wat] supply f climate impacts2 7iii7 r$uc+ risks ( food insecurity t w\ld o!rwise result f climate *ange2 7iv7 ensur+ t disa/] & public heal? plans acc\nt = m sev]e wea!r2 7v7 r$uc+ risks f geographical *ange to disease vectors1 pa?og5s1 invasive species1 & ! di/ribution ( pe/s2 & 7vi7 o!r projects or activities1 z det]m9$ to be appropriate by ! ,commission4 7#aj7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,comm]ce4 7#aa7 ,/ate ,! t]m ,/ate means a ,/ate1 ! ,di/rict ( ,columbia1 ! ,commonweal? ( ,pu]to ,rico1 & any o!r t]ritory or possession ( ! ,unit$ ,/ates4 ,i ,climate ,*ange ,advisory ,commission #aja4 ,e/abli%m5t ( ,climate ,*ange ,advisory ,commission 7a7 ,9 g5]al ,!re is e/abli%$ a commission to be kn[n z ! ,climate ,*ange ,advisory ,commission4 7b7 ,memb]%ip ,! ,commission %all be compos$ ( #aa memb]s-- 7#a7 :o %all be select$ f ! public & private sectors & in/itutions ( high] education ) a demon/rat$ exp]tise 9 climate mitigation solutions & commitm5t to ! implem5tation ( ^? solutions2 & 7#b7 ( :om-- 7,a7 #c %all be appo9t$ by ! ,presid5t1 9 consultation ) ! ,national ,climate ,task ,=ce2 7,b7 #b %all be appo9t$ by ! ,speak] ( ! ,h\se ( ,repres5tatives2 7,c7 #b %all be appo9t$ by ! m9ority lead] ( ! ,h\se ( ,repres5tatives2 7,d7 #b %all be appo9t$ by ! majority lead] ( ! ,s5ate2 & 7,e7 #b %all be appo9t$ by ! m9ority lead] ( ! ,s5ate4 7c7 ,t]ms ,ea* memb] ( ! ,commission %all be appo9t$ = a #e-ye> t]m4 7d7 ,initial appo9tm5ts ,ea* memb] ( ! ,commission %all be appo9t$ n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act4 7e7 ,vacancies ,a vacancy on ! ,commission-- 7#a7 %all n affect ! p[]s ( ! ,commission2 & 7#b7 %all be fill$ 9 ! mann] 9 :i* ! orig9al appo9tm5t 0 made4 7f7 ,initial meet+ ,n lat] ?an #cj days aft] ! date on :i* all memb]s ( ! ,commission h be5 appo9t$1 ! ,commission %all-- 7#a7 virtually hold ! initial meet+ ( ! ,commission2 & 7#b7 at t initial meet+1 det]m9e ! regul> location ( meet+s ( ! ,commission4 7g7 ,meet+s ,! ,commission %all meet-- 7#a7 at ! call ( ! ,*airp]son2 or 7#b7 by a call ( a simple majority ( ! memb]%ip ( ! ,commission4 7h7 ,quorum ,a majority ( ! memb]s ( ! ,commission %all con/itute a quorum1 b a less] numb] ( memb]s may hold he>+s4 7i7 ,*airp]son & ,vice ,*airp]son ,! ,commission %all select a ,*airp]son & ,vice ,*airp]son f among ! memb]s ( ! ,commission4 #ajb4 ,duties ,! ,commission %all-- 7#a7 e/abli% &1 z necess>y1 update recomm5dations1 frameworks1 & guidel9es = a ,f$]al inve/m5t program fund$ by rev5ue f climate *ange obligations issu$ "u section #cja = eligible entities t-- 7,a7 improve & adapt en]gy1 transportation1 wat]1 & g5]al infra/ructure impact$ or expect$ to be impact$ due to climate v>iability2 & 7,b7 integrate be/ available sci5ce1 data1 /&>ds1 models1 & tr5ds t improve ! resili5cy ( infra/ructure sy/ems describ$ 9 subp>agraph 7,a72 & 7#b7 id5tify &1 z necess>y1 update categories ( ! mo/ co/-effective inve/m5ts & projects t emphasize multiple b5efits to human heal?1 comm]ce1 & ecosy/ems :ile ensur+ t ! ,commission engages 9 e>ly1 mean+ful1 & culturally & l+ui/ically appropriate community /akehold] involvem5t opportunities dur+ ! developm5t ( ! recomm5dations1 frameworks1 & guidel9es e/abli%$ "u p>agraph 7#a74 #ajc4 ,commission p]sonnel matt]s 7a7 ,comp5sation ( memb]s 7#a7 ,non-f$]al employees ,a memb] ( ! ,commission :o is n an (fic] or employee ( ! ,f$]al ,gov]nm5t %all be comp5sat$ at a rate equal to ! daily equival5t ( ! annual rate ( basic pay prescrib$ = level ,,iv ( ! ,executive ,s*$ule "u section #ecae ( title #e1 ,unit$ ,/ates ,code1 = ea* day 7includ+ travel "t7 dur+ :i* ! memb] is engag$ 9 ! p]=mance ( ! duties ( ! ,commission4 7#b7 ,f$]al employees ,a memb] ( ! ,commission :o is an (fic] or employee ( ! ,f$]al ,gov]nm5t %all s]ve )\t comp5sation 9 addition to ! comp5sation receiv$ = ! s]vices ( ! memb] z an (fic] or employee ( ! ,f$]al ,gov]nm5t4 7b7 ,travel exp5ses ,a memb] ( ! ,commission %all be all[$ travel exp5ses1 includ+ p] diem 9 lieu ( subsi/5ce1 at rates au?oriz$ = an employee ( an ag5cy "u sub*apt] ,i ( *apt] #eg ( title #e1 ,unit$ ,/ates ,code1 :ile away f ! home or regul> place ( bus9ess ( ! memb] 9 ! p]=mance ( ! duties ( ! ,commission4 7c7 ,/aff 7#a7 ,9 g5]al ,! ,*airp]son ( ! ,commission1 or a simple majority ( ! memb]%ip ( ! ,commission1 may1 )\t reg>d to ! civil s]vice laws 7includ+ regulations71 appo9t & t]m9ate su* p]sonnel z are necess>y to enable ! ,commission to p]=m ! duties ( ! ,commission4 7#b7 ,comp5sation 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 ! ,*airp]son ( ! ,commission may fix ! comp5sation ( p]sonnel )\t reg>d to ! provisions ( *apt] #ea & sub*apt] ,,iii ( *apt] #ec ( title #e1 ,unit$ ,/ates ,code1 relat+ to classification ( positions & ,g5]al ,s*$ule pay rates4 7,b7 ,maximum rate ( pay ,! rate ( pay = p]sonnel %all n exce$ ! rate payable = level ,v ( ! ,executive ,s*$ule "u section #ecaf ( title #e1 ,unit$ ,/ates ,code4 #ajd4 ,fund+ ,! ,commission %all use am\nts 9 ! ,fund to pay = all adm9i/rative exp5ses ( ! ,commission1 n to exce$ #c p]c5t ( ! am\nts made available = projects = a qualifi$ climate *ange adaptation purpose f ! ,fund dur+ ! applicable cal5d> ye>4 #aje4 ,t]m9ation ,! ,commission %all t]m9ate on ! date t is #bj ye>s aft] ! date ( enactm5t ( ?is ,act4 ,,ii ,climate ,*ange ,resili5cy ,fund #bja4 ,climate ,*ange ,resili5cy ,fund 7a7 ,e/abli%m5t 7#a7 ,9 g5]al ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates ! ,climate ,*ange ,resili5cy ,fund4 7#b7 ,use ( am\nts 7,a7 ,9 g5]al ,! ,secret>y %all use n less ?an #dj p]c5t ( ! am\nts 9 ! ,fund to fund projects t b5efit communities t exp]i5ce disproportionate impacts f climate *ange & climate *ange-caus+ pollution1 includ+ environm5tal ju/ice communities1 frontl9e communities1 & l[-income communities4 7,b7 ,ma9t5ance ( ef=t ,all am\nts deposit$ 9 ! ,fund 9 accordance ) section #cja7;a7 %all only be us$-- 7i7 to fund new projects 9 accordance ) ?is section2 & 7ii7 = adm9i/rative exp5ses ( ! ,commission au?oriz$ "u section #ajd4 7#c7 ,responsibility ( ,secret>y ,! ,secret>y %all take su* action z ! ,secret>y det]m9es necess>y to assi/ 9 implem5t+ ! ,fund 9 accordance ) ?is section1 :i* %all include consult+ ) relevant ,f$]al ag5cies4 7b7 ,climate *ange adaptation projects ,! ,secret>y1 9 consultation ) ! ,commission1 %all c>ry out a program to provide funds to eligible entities to c>ry out projects = a qualifi$ climate *ange adaptation purpose4 7c7 ,applications 7#a7 ,9 g5]al ,an eligible entity desir+ funds "u subsection 7b7 %all1 ) respect to a project1 submit to ! ,secret>y an application at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 7#b7 ,cont5ts ,an application submitt$ by an eligible entity "u ?is subsection %all include data relat+ to any b5efits ! eligible entity expects ! project to provide to ! community 9 :i* ! applicable project is p]=m$1 su* z-- 7,a7 an economic impact2 7,b7 improvem5ts to public heal?2 or 7,c7 p]man5t environm5tal pres]vation or re/oration4 7#c7 ,te*nical assi/ance ,! ,secret>y %all (f] te*nical assi/ance to eligible entities prep>+ applications "u ?is subsection4 7d7 ,selection 7#a7 ,9 g5]al ,! ,secret>y %all select eligible entities to receive funds to c>ry out projects "u ?is section bas$ on crit]ia & guidel9es det]m9$ & publi%$ by ! ,commission "u section #ajb4 7#b7 ,priority ,9 select+ eligible entities "u p>agraph 7#a71 ! ,secret>y %all give priority to eligible entities plann+ to p]=m projects t w s]ve areas ) ! greate/ ne$4 7e7 ,non-,f$]al fund+ requirem5t 7#a7 ,9 g5]al ,subject to p>agraphs 7#b7 & 7#c71 9 ord] to receive funds "u ?is section1 an eligible entity %all provide funds = a project 9 an am\nt t is equal to n less ?an #be p]c5t ( ! am\nt ( funds provid$ "u ?is section4 7#b7 ,waiv] ,! ,secret>y may waive all or "p ( ! mat*+ requirem5t "u p>agraph 7#a7 = an eligible entity1 especially an eligible entity p]=m+ a project b5efitt+ a l[-income community1 frontl9e community1 or an environm5tal ju/ice community1 if ! ,secret>y det]m9es t-- 7,a7 !re are no reasonable means available ?r\gh :i* ! eligible entity c meet ! mat*+ requirem5t2 or 7,b7 ! probable b5efit ( ! project outweighs ! public int]e/ ( ! mat*+ requirem5t4 7#c7 ,no-mat* projects 7,a7 ,9 g5]al ,! ,secret>y %all aw>d n less ?an #aj p]c5t & n m ?an #dj p]c5t ( ! total funds aw>d$ "u ?is section to eligible entities to :i* ! mat*+ requirem5t "u p>agraph 7#a7 %all n apply4 7,b7 ,priority ,! ,secret>y %all give priority = fund+ "u subp>agraph 7,a7 to an eligible entity p]=m+ a project 9 a community exp]i5c+ a disproportionate impact ( climate *ange1 includ+-- 7i7 an environm5tal ju/ice community2 7ii7 a l[-income community2 7iii7 a community ( color2 or 7iv7 a frontl9e community4 7f7 ,applicability ( ,f$]al law ,no?+ 9 ?is ,act %all be con/ru$ to waive ! requirem5ts ( any ,f$]al law or regulation t w\ld o!rwise apply to a project t receives funds "u ?is section4 #bjb4 ,compliance ) ,davis-,bacon ,act 7a7 ,9 g5]al ,all labor]s & me*anics employ$ by contractors & subcontractors on projects fund$ directly by1 or assi/$ 9 :ole or 9 "p by & ?r\gh1 ! ,fund %all be paid wages at rates n less ?an ^? prevail+ on projects ( a "* simil> 9 ! locality z det]m9$ by ! ,secret>y ( ,labor 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( "p ,a ( title #dj1 ,unit$ ,/ates ,code4 7b7 ,labor /&>ds ,) respect to ! labor /&>ds describ$ 9 ?is section1 ! ,secret>y ( ,labor %all h ! au?ority & functions set =? 9 ,reorganization ,plan ,numb]$ #ad ( #aiej 7#fd ,/at4 #abfg2 #e ,u4,s4,c4 ,app47 & section #cade ( title #dj1 ,unit$ ,/ates ,code4 #bjc4 ,fund+ ,to c>ry out ! program "u section #bja7;b71 ! ,secret>y1 9 addition to am\nts 9 ! ,fund1 may use am\nts t h be5 made available to ! ,secret>y & are n o!rwise obligat$4 ,,iii ,rev5ue #cja4 ,climate ,*ange ,obligations 7a7 ,9 g5]al ,n lat] ?an #f mon?s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate 7ref]r$ to 9 ?is title z ! ,secret>y7 %all issue obligations "u *apt] #ca ( title #ca1 ,unit$ ,/ates ,code 7ref]r$ to 9 ?is title z climate *ange obligations71 ! proce$s f :i* %all be deposit$ 9 ! ,fund4 7b7 ,full fai? & cr$it ,paym5t ( int]e/ & pr9cipal ) respect to any climate *ange obligation issu$ "u ?is section %all be made f ! g5]al fund ( ! ,treasury ( ! ,unit$ ,/ates & %all be back$ by ! full fai? & cr$it ( ! ,unit$ ,/ates4 7c7 ,exemption f local taxation ,all climate *ange obligations issu$ by ! ,secret>y1 & ! int]e/ on or cr$its ) respect to su* obligations1 %all n be subject to taxation by any ,/ate1 c\nty1 municipality1 or local tax+ au?ority4 7d7 ,am\nt ( ,climate ,*ange ,obligations 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 ! aggregate face am\nt ( ! climate *ange obligations issu$ annually "u ?is section %all be #bjj1jjj1jjj4 7#b7 ,additional obligations ,= any cal5d> ye> 9 :i* all ( ! obligations issu$ pursuant to p>agraph 7#a7 h be5 pur*as$1 ! ,secret>y may issue additional climate *ange obligations dur+ su* cal5d> ye>1 provid$ t ! aggregate face am\nt ( su* additional obligations does n exce$ #hjj1jjj1jjj4 7e7 ,fund+ ,! ,secret>y %all use funds made available to ! ,secret>y & n o!rwise obligat$ to c>ry out ! purposes ( ?is section4 #cjb4 ,promotion 7a7 ,9 g5]al ,! ,secret>y %all promote ! pur*ase ( climate *ange obligations ?r\gh su* means z are det]m9$ appropriate by ! ,secret>y1 ) ! am\nt exp5d$ = su* promotion n to exce$ #aj1jjj1jjj = any fiscal ye> dur+ ! p]iod ( fiscal ye>s #bjbf ?r\gh #bjcj4 7b7 ,donat$ adv]tis+ ,9 addition to any adv]tis+ paid = ) funds made available "u subsection 7c71 ! ,secret>y %all solicit & may accept ! donation ( adv]tis+ relat+ to ! sale ( climate *ange obligations4 7c7 ,au?orization ( appropriations ,= ea* fiscal ye> dur+ ! p]iod ( fiscal ye>s #bjbf ?r\gh #bjcj1 !re is au?oriz$ to be appropriat$ #aj1jjj1jjj to c>ry out ! purposes ( ?is section4